US Stocks Down Slightly
US stocks fell on Thursday, with the three major indexes down nearly 0.3%, as investors digested a slew of economic data and concerns about the economic outlook resurfaced. Retail sales rose 0.1% in April, compared with expectations for no change. However, core retail sales, which are more directly tied to GDP, fell 0.3%. Meanwhile, producer prices unexpectedly fell 0.5%, driven largely by declining margins, suggesting companies may be absorbing some cost pressures from higher tariffs. Energy, consumer goods and health care were the biggest losers. Apple shares fell 0.2% after President Trump said he opposed the company making its devices for the US market in India. UnitedHealth plunged more than 15% following a report that the Justice Department is conducting a criminal investigation into possible Medicare fraud involving the company. Walmart fell 4.7% after warning of higher prices later this month because of tariffs
Source: Trading Economics
